Spindletop Oil & Gas Balance Sheet Health
Financial Health criteria checks 6/6
Spindletop Oil & Gas has a total shareholder equity of $17.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $28.1M and $10.8M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.42m |
| Equity | US$17.27m |
| Total liabilities | US$10.84m |
| Total assets | US$28.12m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPND's short term assets ($9.6M) exceed its short term liabilities ($6.5M).
Long Term Liabilities: SPND's short term assets ($9.6M) exceed its long term liabilities ($4.3M).
Debt to Equity History and Analysis
Debt Level: SPND is debt free.
Reducing Debt: SPND had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SPND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SPND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16% per year.